Cafe and Fast Food Restaurant in Hertfordshire For Sale

Main road position, situated in a vibrant and diverse city-suburb, HERTFORDSHIRE

Turnover £ 3,500
Price £75,000

Features

Profitable Cafe

6 DAYS OPENING
FORECOURT WITH SEATING FOR 12 PEOPLE.
4 STAR HYGIENE RATING

Tables and chairs providing seating for 20 People.

DOUBLE FRONTED CAFE in the region of 350 ft² WITH SHUTTERS, laminated strip floor, suspended ceiling with LED Panel lights. Cool display counter with refrigerated storage section, EPOS till, Coca-Cola fridge (on loan), stainless steel preparation table, Coffee Machine (2 Group) (on loan), coffee grinder.

Kitchen, stainless steel extractor unit, Gas 4-burner Cooker, gas flat top grill, Oven, deep fryer (2 pan), 3 door saladet, 2 freezers, deep freeze, large double fridge, 2 microwaves, 2 stainless steel preparation tables.

Toilet with w.c. and wash hand basin..
Stock room

Turnover

WE ARE INFORMED by the owner the turnover currently averages £3,500 p.w. with a Gross profit of 65% approx. (£800 per week on deliveries)

Staff

The business is at present operated by the vendor with 1 full time staff employed.

Trading Hours

6 Day week (Licensed until 10pm)
MONDAY - SATURDAY 7am - 4pm

Tenure

The private landlord owns the Leasehold and subject to satisfactory references are prepared to grant a new SECURE RENEWABLE 20 years full repairing and insuring lease with rent reviews every 5 years at a rent of in region of £12,000 p.a. for the first 5 years.

NIL Business Rates after full relief (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020, AND IS SOLELY OFFERED FOR SALE, DUE TO THE VENDORS OTHER BUSINESS INTERESTS.

Price

TO INCLUDE THE SECURE RENEWABLE LEASE, GOODWILL, FIXTURES & FITTINGS £75,000 plus STOCK AT VALUATION
SUBSTANTIAL LOAN TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 37,500 (lease) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote